Homepage / Technology / Nintendo revenues surge nearly 150% as strong demand for the Switch console continues
8 Brands & Generics Human Growth Hormone HGH Injections Find local black hookups near you what’s ssbbw chat? About Japanese Dating society and also the west Guy who would like to Date a Japanese woman – MeetKing Blog 9 Guidelines On How To Hook-up On College Gameday (At Any College) Leading Live Casino Games Provider Leading Live Casino Games Provider Pin Up Slotlarýyla Eðlence ve Para Kazanma Bir Arada The core concept of digital entertainment hub AbeBet: signature points and groups Live-сессии с дилерами в онлайн-казино azino777 How Online Gambling Enterprises Operate Around the World Meet compatible single mothers and exchange ideas official site Play airplane online Ritalin: Jak legálně zakoupit bez receptu v České republice Connect with suitable asian singles in your area How-to Date A Pornstar While Making It Operate (The Ultimate Guide) Buy Bitcoin with Credit Card or Debit Card Instantly Buy Bitcoin How to buy BTC Finding trans girls near you – the simplest way to hookup Connect with like-minded singles on a mennonite dating website Assortment of in-demand games respected casino platform abe bet casino in cyberspace Connect with girls from round the world Alexander Gambling establishment: Dйcouvrez une Nouvelle Expйrience de Jeu en Ligne Le meilleur Extra casino en ligne pour jouer BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING The simplest way to get a local hookup what’s millionairess dating? Get prepared to connect to latinas whom share your interests Estonian Chat place – an ideal Place for Dating Estonian Singles Join our bisexual chat room now and commence connecting Discover the advantages of dating a mature mom latina How to discover the best bbw hookup app for you Title: Juega en 1Win Casino Argentina Bonos y Apuestas 5 Best BBW Lesbian Dating Apps/Sites In 2022 Online Gambling Review submissions dia govt.nz Разыгрываемые джекпоты в виртуальном клубе Вулкан казино 30 Of The Greatest Adult Sex Toys For Males | Men’s Room Health Mag Australian Continent Cazino 7 slots cyberspace: conditions and rules for betting with real cash 1Win: ¡el mejor lugar de casino y apuestas deportivas de Argentina! Aufcasino ????Mature Dating Evaluation 2023 – Whatever You Need To Know About It! ???? Take the first step towards fulfilling your ebony lesbian bbw match now Ideas on how to come-out: Tips to keep in mind > Taimi Meet your perfect match – granny hookup site Türkiye-Çin İşbirliği Derinleşiyor GuGi Mobil Yükleme Seçenekleri Hizmet İçi Eğitim Sona Erdi Dooball tv ดูบอล ออนไลน์ สด 66 ลิงค์ บนมือถือ ฟรี ภาพชัด HD ทั่วโลก Find your rich cougar date in the most useful dating site Find your dream fat girl hookup today Slot Thailand Daftar Link Situs Slot Gacor Maxwin x500 Terbaru Hari Ini Resmi Auto Jackpot! Konsultasi ke Dewan Pers, Komisi I DPRD Jambi Pertanyakan Indeks Kemerdekaan Pers Jambi yang Turun Akses News Cerita Korban Judol di Balikpapan yang Nekat Gelapkan Uang How to get local horney women in your area 3 Cara Hapus Akun Judi Online Slot : Okezone Economy SITUS TOTO > Sering Kalah Main Di Situs Slot Gacor Terbaru Mudah Maxwin Situs Slot Gacor Maxwin Main Tanpa Pola Modal 5ribu Terbaik Melhores cassinos online de Novembro 2024: Confira o top 10! Enjoy amazing gay sex experiences using the top sites on the web Make the absolute most of one’s big butt dating adventure here 9 circumstances this means when a person avoids eye contact with a lady – Hack Spirit Top Greatest M4M Personals Sites in 2022 ◉ BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING Лотерейные розыгрыши в kasino on-line Лев казино: условия осуществления и доступа Main features of playing in machines at online-club Karavan Connect with like-minded females making new friends Comment accéder à des jeux gratuits avec Space fortuna bonus ? PUCUK4D⭐ Bandar Toto Togel Online & Situs Toto 4d Terpercaya #1 Betting site Karavan bet Gates of Olympus internet-based: benefits of playing for real money Discover an environment of opportunities with lesbian and bisexual dating Aprovecha Los Códigos Promocionales De Bbrbet ¡más Bonos, Más Juegos 1xbet Giriş Yeni Adresi 2024 ⭐️ 1xbahis Güncel Adres » 1x Guess Mobil Casino How to get started with sext room BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING La Application De Bbrbet: Juegos Y Apuestas Approach Alcance De Tu Man Start your love story now – join our talk to gay strangers source today BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING Find regional bbw hookups inside area BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING BLACK SEO LINKS, BACKLINKS, SOFTWARE FOR MASS BACKLINKING Mobile Casinos: The Ultimate Guide When to Take Cranberry Tablets: Morning or Evening? Online Slots Best Payout: A Comprehensive Overview for Gamblers No Download Casinos: The Ultimate Guide to Instant Play Video Gaming The Carnivore Diet Plan: A Comprehensive Guide to a Questionable Eating Plan What is CBD Lotion Used For? What are Free Penny Slot Machines? What Do Water Tablets Do: A Comprehensive Overview Online Casinos PayPal: Just How to Wager Safely and Firmly

Technology

Nintendo revenues surge nearly 150% as strong demand for the Switch console continues

Nintendo swung to profit in its financial first quarter, beating analyst expectations, boosted by a strong performance from its new Switch console and hit new Mario and Zelda games.

The Japanese electronics giant reported the following results:

  • Revenue of 154.07 billion yen ($1.37 billion) versus expectations of 136.53 billion yen
  • Operating profit of 16.21 billion yen versus analyst forecasts of 9.52 billion yen

The revenue figure marks a nearly 150 percent year-on-year rise, while Nintendo returned to an operating profit after reporting a 5.13 billion yen loss in the same period last year.

Nintendo said it sold 1.97 million units of its hybrid Switch consoles in the quarter through June, which is down from the 2.74 million in the first quarter. Altogether Nintendo has sold 4.71 Switch consoles, and despite the slowdown, maintained its target of selling 10 million in this financial year.

Demand for the Switch appears to be strong, with reports suggesting that Nintendo is struggling to keep up. In May, the Financial Times reported that Nintendo has ordered a production increase of the Switch to meet demand for the holiday period later this year. And in March, the Wall Street Journal said Nintendo had decided to double its planned Switch production for the year ending March 2018.

Earlier this month, a note by Wedbush said that it expects Nintendo to retain its 10 million sales target for the Switch though this could be increased by 1-to-2 million units.

Analysts attributed the fall in Switch sales in the June quarter to the supply constraints but were not that concerned as overall earnings were strong.

“I think this basically is a testament to how well the Switch is doing. The demand for the Switch is real. It’s not sold out only because Nintendo can’t produce enough units, but because the demand for the device is making it scarce,” Serkan Toto, CEO of Japan-based video game consultancy firm Kantan Games, told CNBC by phone.

Nintendo struggled in past years as the casual gamers it once attracted began moving to mobile. It was a trend the Japanese gaming giant missed. But in the past couple of years, Nintendo has been investing in mobile games.

Last year, viral hit “Pokemon Go” which was developed by Niantic was released. It licensed the characters from The Pokemon Company, which Nintendo has a stake in. And in December, Nintendo launched its own game “Super Mario Run”.

It’s still the early stages for Nintendo in mobile but the shift is paying off. Revenue from mobile and its intellectual property (IP) licensing category hit 9.06 billion yen, up nearly 450 percent from the 1.6 billion yen recorded in the same period last year. And there could be more successes to come given that Nintendo hasn’t even brought some of its more well-known characters onto the small screen.

“These numbers are very stable, but it’s the tip of the iceberg of what Nintendo could do using the right IP and business models in the future. But it’s already promising,” Toto said.

Investors have rewarded the company. Nintendo shares have been on a tear and are up over 45 percent year-to-date. Earnings were reported after the market close in Japan so share reaction will be seen on Thursday morning.

Source: Tech CNBC
Nintendo revenues surge nearly 150% as strong demand for the Switch console continues

Comments are closed.